Big news for PS4, Xbox One and Nintendo Switch gamers can help pay for 2017's new games

Technology hoarding Brits who have stockpiled their old gaming consoles could be sitting on thousands of pounds, according to new research.

And with a huge three months of big new releases on the horizon, the new could prove a hit with PS4 Xbox One and Nintendo Switch users looking to cash in to help fund their new games this winter.

The penny-pinching experts at PromotionalCodes.org.uk have crunched the numbers to find out the price that our seemingly ‘outdated’ gaming tech is selling for on resale sites, and have discovered that consumers could be sitting on a hefty bit of cash.

Well-conditioned Xbox 360's being resold for as much as £100, whereas if you’re more of a PlayStation fan then you can still expect to make a fair bit of extra cash, with PlayStation 3’s selling online for £90.

Those bold enough to hang onto their PlayStation 2 console can also cash it in for £35.

But it's not just PlayStation and Xbox gamers who could be in profit, as Nintendo fans could also see some serious money coming their way if they’re prepared to part with any old consoles.

The Nintendo Wii U is currently on the market for £150 and standard editions of the Wii selling for just £54.

Surprisingly, the retro Gameboy Colour is going for £100!

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Darren Williams, of PromotionalCodes.org.uk said: “We often think that just because our unwanted technology is old that it’s worthless, but you’d be amazed at how much value these items can still have.

“If consumers have been clever enough to store their old technology rather than chucking it in a skip when it’s no longer needed, then they could now reap the rewards and make a huge sum of money by selling it online.

“Think about it, if you have a few old models of phones, one or two games consoles you no longer use and an old camera that’s collecting dust, then you could well have a stockpile of technology that is worth thousands in resale value.

“These are just a handful of the pieces of technology being sold online, so have a rummage through your old junk and you’ll likely find something similar that could make you a tidy amount of cash online.”

The news comes in the same week that Microsoft announced that production on the original Xbox One had stopped.

Microsoft has announced it will no longer build the bulky launch day design of the console and you'll only be able to buy the slimmed-down Xbox One S in future as the firm prepares to mass market the souped-up Xbox One X.

A Microsoft spokesman confirmed: "We stopped manufacturing the original Xbox One when we introduced the Xbox One S."

The Xbox One S went on sale in August 2016, almost three years after the original Xbox One launched in November 2013.

But in a couple of years, it could be worth a pretty penny now that Microsoft has officially killed off the launch day console.